NEW YORK (AP) — Kohl’s shareholders rejected all 10 board nominees pushed by activist investor Macellum Advisors and instead voted in support of the existing board. The department store said Wednesday that shareholders have voted to re-elect all 13 of its director nominees, according to a preliminary tally at its shareholders’ meeting. Kohl’s did not…
By Marcela Ayres BRASILIA (Reuters) -Brazil’s inflation slowed in April but still posted the steepest rise for the month in 26 years, pushing the 12-month figure to over 12% amid continued pressures on food and fuel, official figures showed on Wednesday. Consumer prices as measured by the benchmark IPCA index rose 1.06% in April, slightly…
Kendall Nunamaker and her family of five in Kennewick, Washington, faced impossible math this month: How to pay for gas, groceries and the mortgage with inflation driving up prices? Like many other working families, the Nunamakers are grappling with the 8.3% inflation in the consumer price index in April announced Wednesday — slowing slightly from…
(Reuters) -New car sales in Russia fell by a record 78.5% year on year in April, dropping for a tenth month in a row as the sector was hit by acute shortages and soaring prices caused by disrupted logistics and a volatile rouble. New car sales of 32,706 cars in April were less than one-quarter…
The shutdown of a gas pipeline in eastern Ukraine has sent a fresh wave of energy jitters through Europe. The price of gas jumped — then fell. The cutoff is in sharp focus because it’s the first time that the war has disrupted the Russian natural gas that flows through Ukraine to get to Europe,…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer price growth slowed sharply in April as gasoline prices eased off record highs, suggesting that inflation has probably peaked, though it is likely to stay hot for a while and keep the Federal Reserve’s foot on the brakes to cool demand. That aspect was reinforced by the report…
DUBAI (Reuters) – Emirates will receive its first Airbus A350 aircraft in August 2024, the airline’s chief operating officer was cited as saying on Wednesday, which would be more than one year later than originally planned. Emirates and Airbus did not immediately respond to a request for comment on the report by Emirati newspaper Emarat…
By Juliette Portala (Reuters) – Alstom’s shares slipped sharply on Wednesday, erasing earlier strong gains as the French train maker’s comments on cash flow generation and guidance divided the market. The stock climbed 9% after the market opened, before plummeting nearly 12%. By 1229 GMT, shares were down 9.8%. “There is a strongly bifurcated opinion…
By Jan Schwartz and David Shepardson HAMBURG/WASHINGTON (Reuters) -Volkswagen plans to expand its electric in vehicle range the United States with a fully electric pick-up and sports utility vehicle under the Scout brand, two people with knowledge of the matter said on Wednesday. The carmaker would invest around 100 million euros ($105.52 million) in the…
HELSINKI (AP) — Britain pledged to come to the aid of Sweden and Finland, including with military support, if the two Nordic nations came under attack under security deals Prime Minister Boris Johnson signed Wednesday with his Swedish counterpart in Stockholm and the Finnish president in Helsinki. Sweden and Finland are pondering whether to abandon…
